In March of 2022, I exercised parts of ISO grants from two different tranches, each tranche having different strike prices e.g. $37 and $137. The grants were more than 5 years old, but sold later in 2022. The FMV of the company's shares for this private company was $127.
TurboTax Desktop is flagging the shares from the 137 tranche as an error, because it insists that my exercise price shouldn't be greater than FMV.
This is exactly what my company permitted and what my documentation reports. How do I work around this "error" so that I can continue my return?
Stock sold later in 2022 at much higher price than FMV. Might be important information.
